- Gross profit increased 61.2% to $75.9 million
- Adjusted EBITDA increased 56.3% to $25.5 million
- Opened 41 stores
- Completed acquisition of 55 specialty mattress stores from Mattress Giant
Tempur Sealy's sales were far from cozy, but its earnings were solid.
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Mattress Firm MFRM posted earnings $0.57 a share for its most recent quarter while analysts were expecting earnings of $0.65 a share.
Mattress Firm missed Wall Street estimates in its second quarter, but it is being acquired by Steinhoff which believes that consumers want to test furniture before buying it.